Canopy Recognized for Digital Banking Innovation in 2022 FinTech Breakthrough Awards Program
Summary
Canopy is the most flexible platform to build and launch better debit, credit, and lending products, as well as support them with world-class service in a secure and compliant way. “Developer friendly APIs and real-time data are highly complex engineering challenges,” said James Johnson, Managing Director, FinTech Breakthrough. “Canopy is tackling this challenge head-on with breakthrough solutions, helping the next generation of Fintechs launch innovative products with a single API. Providing accurate, real-time information was difficult for banks because their traditional infrastructure didn’t support it and their legacy software made it hard for customers to offer personalized products,“ said Canopy Co-Founder and CEO Matt Bivons. Some advantages of immutability include the ability to “re-pour payments, credits, and debits,” allowing clients to mitigate compliance risk and consumer complaints when executing on disputes.